News Centre

Cryptocurrency Hedge Fund ARK36 Launches Algorithmic Machine Learning Trading Software

Date 17/05/2023

ARK36, the Cyprus-based leading alternative investment digital asset fund, has announced today the launch of a unique, proprietary machine learning-based trading software system, to improve the way its portfolio management team can navigate the dynamic world of cryptocurrency trading. The new software will leverage advanced algorithms to enable ARK36’s traders to make more informed decisions, navigate market challenges and optimise their trading strategies with precision and confidence. The software will access updated cryptocurrency price information every second and through the recent many months of intensive development work,  back-tests and live-tests  will predict price movements of specific crypto assets and complete either short or long-positions or not trade dependent on the market developments. It can make investment decisions within 1 minute for complex investments or 1 second for simple tasks.

Reglex: What's Next For AI Regulation In The UK?

Date 17/05/2023

On 29 March 2023, the UK Government published a white paper detailing it’s ‘pro-innovation approach to AI regulation’ (the ‘White Paper’).

Cyprus Stock Exchange Bulletin For April 2023-

Date 17/05/2023

The total value of transactions during the month in review reached € 4,70 million, with an average of € 0,31 million per trading session.

TheCityUK: Global Carbon Pricing Mechanisms And Their Interaction With Carbon Markets

Date 17/05/2023

Today TheCityUK launched its new economic research report: ‘ Global carbon pricing mechanisms and their interaction with carbon markets’, in partnership with ICE. 

London Stock Exchange Group PLC Transaction In Own Shares

Date 17/05/2023

London Stock Exchange Group plc (LSEG) announces that it has purchased the following number of its voting ordinary shares of 6^79/86 pence each on the London Stock Exchange through its corporate stockbroker Citigroup Global Markets Limited (Citi) as part of the third tranche of its share buyback programme, as announced on 20 March 2023:

UK House Of Commons Treasury Select Committee Report: Regulating Crypto – Report Summary

Date 17/05/2023

Summary

So-called “cryptoassets” span a wide and rapidly evolving range of digital instruments, although the market continues to be dominated by unbacked “cryptocurrencies” such as Bitcoin and Ether that we do not consider to have any intrinsic value. Given their potential impact on the financial services landscape, we have been paying close attention to cryptoassets for many years. Our predecessor Committee published a Report in 2018 that called for greater regulation to protect consumers from an industry it described as a “wild west”. Nothing we have heard in our current inquiry has changed that impression.

Shenzhen Stock Exchange And China Electronics Corporation Signs A Strategic Cooperation Agreement To Jointly Serve The Formation Of A New Pattern Of Development And Support High-Quality Development

Date 17/05/2023

On May 15, SZSE signed a new strategic cooperation agreement with China Electronics Corporation (hereinafter referred to as “CEC”) on the basis of the deepening of strategic cooperation in all respects in 2015. SZSE’s Party Secretary and Chairman Chen Huaping and CEC’s Leading Party Group Secretary and Chairman Zeng Yi witnessed the signing of the agreement and attended the meeting.

Help Is Available For Those Who Need It, Says UK Financial Conduct Authority

Date 16/05/2023

The Financial Conduct Authority (FCA) has reminded borrowers they can get help from their lenders if they are struggling to keep up with payments, as it found the number of people struggling to meet bills and credit repayments has risen by 3.1m since May 2022 (10.9m, compared to 7.8m in May 2022). 

Cybersecurity: Protecting Investors, Digital Directors Network 2023 Conference, SEC Commissioner Jaime Lizárraga, Chicago, IL, May 16, 2023

Date 16/05/2023

Good morning. Thank you, Bob [Zukis]. It is a pleasure to be here today, and I thank the Digital Directors Network for hosting this discussion about cybersecurity. This topic is so essential for the safety and resiliency of our capital markets.

US Acting Comptroller Of The Currency Testifies On Prudential Regulation

Date 16/05/2023

Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House of Representatives’ Committee on Financial Services on the agency’s actions and responses to recent market stress and how the agency is ensuring that national banks and federal savings associations operate in a safe, sound, and fair manner.